"Frank,
The VA won't have an issue with this, but the servicer probably will. I had someone make the attempt with Chase, who nixed the sale. My VA seller called the VA and they said it was the servicer's call.
Wendy…"

"That is happening with me, too, Elizabeth. They are all getting service released, or part of them if there are two liens. It's a real pain, especially when they tell you the new service will pick right up and use the existing documents. Right."

"Thanks for that update, Wendy. I wonder if BofA is laying everybody off in the SS dept because soon as a SS is about to be approved, either the loan is sold or the servicing is transferred. I haven't seen a BoA approval letter for a long time.…"

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Wendy Rulnick, Broker/Owner of Rulnick Realty, Inc., specializes in Destin short sales and pre-foreclosures on the Emerald Coast of Florida: Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Dune Allen, Blue Mountain Beach, Freeport, Rosemary Beach, Mary Esther, Shalimar, Crestview, Eglin AFB, Hurlburt Field. Her slogan is well known: "It's Wendy! It's Sold!" Wendy has helped many homeowners avoid foreclosure. See her website for help with Destin short sales.
Wendy has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine" as a short sale specialist. She is a prolific short sale blogger who writes about real estate and short sales. She and Bryant Tutas developed Short Sale Superstars to teach real estate agents how to do short sale transaction. Together they have produced an instructional webinar about short sale processing that is available on this website.
Call Wendy Rulnick at 850-650-7883 ext 204.

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Wendy Rulnick's Blog

They finally did it! After years of the VA Compromise Sale net requirement being 88.13% of the VA liquidation appraisal value, it has been reduced! It is now 85.05%. The VA Circular 16-13-15, “New Percentage to Determine Net Value” made the change…

I just got an amazing approval on a Crestview Florida VA Compromise Sale from BB&T! You know the Veterans Administration requirement that the net proceeds of the sale be no less tham 88.13% of the appraised value? And the requirment that the VA Compromise Sale appraisal is firm for six months? This was a breakthrough approval…

I finally broke down and responded to an automated Bank of America email survey. The email was titled "Help Us Improve Our Process." I received the email because one of my Destin short sales was declined in Equator. Why? Our seller was a day late getting us newly requested documents.…

Did you know you don’t have to be “upside down” in your mortgage to use the HAP program? That’s right! Military members who PCS’d from Eglin Air Force Base, Hurlburt Field, Duke Field or Whiting Field should know their options! Most people think HAP is only…

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